Vodafone Idea has said that it cannot operate beyond FY26 without the government’s support. This is as per a report by CNBC-TV18. The company reportedly said that if it does not get support from the government, it will go to the National Company Law Tribunal (NCLT) for insolvency.
Vodafone – Ideas owes the government Rs 1.95 lakh crore for the spectrum dues. If Vodafone-Idea goes for insolvency, the government will have no recovery of its Rs 1.18 lakh crore dues for the spectrum sales.
After the equity conversion, the government has a 49 percent stake in Vodafone-Idea.
The company has said that it has received no support from the banks despite the government’s equity conversion and Rs 26000 crore equity infusion.
